ADP Lightspeed, a provider of dealer management systems, announced integration that allows dealers to run credit checks within the LightspeedEVO Dealer Management System.
Credit Check gives dealers the ability to submit customer information to all three credit bureaus without having to re-enter information.
With integrated Credit Check, LightspeedEVO allows sales and F&I representatives to pull credit information early on in the deal process. This provides sales representatives the ability to make adjustments that will help increase the chances of a closed sale and makes it easier for F&I management to determine an appropriate lender.
"Savvy dealers know they can make more money if they understand financing," said Chris Hauck, product manager at ADP Lightspeed. "It is important for the customer and the sales team to understand what is achievable. This vital information helps dealers speed up the sales process and avoid disappointing customers with finance declines."
Along with the ability to check customer credit scores, the information also can be passed through a credit gateway for contracting companies to search for financing. Because the information is pulled directly out of the sales deal, there is no need to re-enter or handwrite finance deal information.
The Credit Check integration will be available for dealers using LightspeedEVO later this fall. Further information about the Credit Check integration or ADP Lightspeed's Marine Dealer Management Software is available by visiting adplightspeed.com.